BETHLEHEM, PA–Salmanson Capital, a nationalreal estate firm specializing in the repositioning of studenthousing assets, recently purchased an off-campus student housingportfolio adjacent to Lehigh University here. The New York-basedcompany paid $15,230,000 for the scattered-site portfolio with 394beds.
The portfolio includes a mix of apartment buildings andtownhouses totaling 108 units on 50 properties, all of them withinblocks of campus, and all sold by a local owner.
With the acquisition. Salmanson Capital’s total portfolio swellsto 452 units and 1,336 beds in three college towns - Lehigh,Syracuse University and the University of Nebraska-Lincoln.
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